Maricopa, Arizona is a prime location for homeowners to take advantage of solar energy. The city's sunny climate and abundance of sunshine make it an ideal place to generate your own electricity with solar panels. In addition to the environmental benefits of solar energy, there are also several financial advantages to installing solar panels on your home. One of the biggest benefits of solar energy is the potential for cost savings. Solar panels can generate free electricity, which can help you reduce your monthly energy bills. According to a study by the National Renewable Energy Laboratory (NREL), homeowners in Maricopa can save an average of $16,000 over 20 years by installing a solar panel system. This is a significant amount of money, and it can help you put more money back into your pocket. Another advantage of solar energy is the increase in property value. Studies have shown that homes with solar panels sell for more money than homes without them.
This is because buyers are willing to pay a premium for homes that are energy efficient and environmentally friendly. In Maricopa, the average premium for a home with solar panels is $15,000. Finally, solar panels can protect you from rising energy costs. The cost of electricity has been increasing steadily over the past few years, and it is expected to continue to rise in the future. By investing in solar panels, you can lock in your energy costs and protect yourself from future rate hikes. In conclusion, there are many benefits to installing solar panels on your home in Maricopa. Solar energy can save you money, increase your property value, and protect you from rising energy costs. If you are considering investing in solar energy, be sure to contact a qualified solar installer in Maricopa. Here are some additional resources that you may find helpful: * [NREL Solar Savings Calculator](https://www.nrel.gov/solar/calculators/savings.html) * [Solar Energy Industries Association](https://www.seia.org/) * [Arizona Solar Energy Association](https://www.arizonasolar.org/)
A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².
The average residential electricity rate in Maricopa is 0.14 Cents per Kilowatt Hour.
There are 60 solar policies and incentives in the state of Arizona. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy. View all Incentives and Tax Credits in Arizona on dsireusa.org.
At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in Maricopa.
Solar energy is a renewable, carbon-free resource so it can help Maricopa to combat greenhouse gas emissions and reduce dependence on fossil fuels. While there are what some call hidden carbon footprints regarding the manufacturing of solar panels, once installed, it is carbon free. In order for the panels to be carbon neutral meaning save more than was used during manufacturing, the solar panels will need to be in operation for 3 years. After these 3 years, the system will remain carbon neutral for the rest of its lifespan. The carbon footprint of solar panel’s is around 20% less than the carbon output of electricity sources powered by coal. Furthermore, for a system size of 6kw, there is a reduction of around 6.3 metric tons of carbon emission per year.
The Solar Investment Tax Credit, also known as the Federal Solar Tax Credit, aims to help grow solar energy in the United States. In order to help reduce the initial cost of solar, all U.S. solar customers are eligible for a tax credit for 26% off their solar system if it is installed and turned on, generating power, by the end of 2022. This tax credit can be claimed by any U.S. homeowner as long as the system is on your primary or secondary residential location. This incentive is time sensitive as in 2024 it will not be available to homeowners. Additionally, the percentage decreases in 2023 to 22%. Learn more about the Federal Solar Tax Credit at Energy.gov.
The National Renewable Energy Laboratory says that installing solar panels is viewed as an upgrade and homebuyers across the country are willing to pay a premium for the economic and environmental benefits of a solar home. Additionally, homes with solar panels often sell faster than those without. The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in Maricopa . More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.
It is no surprise that electricity costs have been increasing. The cost of electricity has risen dramatically in the last ten years and that trend is expected to continue in Maricopa, Arizona. Read more about the rising electricity costs on Energy Information Administration page. According to the Energy Information Administration, the average nominal retail electricity price paid by U.S. residential electric customers rose at the fastest rate since 2008, increasing 4.3% from 2020 to 13.72 cents per kilowatthour in 2021. Solar panels are like an insurance policy against increasing electricity rates. With home solar, you get the power to control your energy’s future.
All facts, figures, and information contained on this pages are generalizations for information purposes only. The specific figures for your address may vary. The Solar landscape is constantly evolving but here a few additional resources for you to stay up to date https://www.eia.gov/, https://www.seia.org/resources and https://www.energy.gov/solar.
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